Latest Forum Topics /
OCBC Bank
Last:17.39
![]() |
![]() |
MARKET -VE = BUY OR SELL ?
|
|||
chartistkao1
Supreme |
31-Aug-2021 16:48
|
||
x 0
x 0 Alert Admin |
https://www.youtube.com/watch?v=l0yptepXJIM31/8/2021 one long day of shorting the three local bank shares usd/sgd1.345   |
||
Useful To Me Not Useful To Me | |||
chartistkao1
Supreme |
31-Aug-2021 16:26
|
||
x 0
x 0 Alert Admin |
recap 2020 what happened to the three bank shares
Optimism drives DBS, OCBC and UOB share prices to 3-month highShares of Singapore&rsquo s three main money lenders rose by an average of 11% this week amid global economic recovery hopes.
 
 
 
Kelvin Ong | Financial writer, Singapore | Publication date: Thursday 04 June 2020 18:07
Share prices of Singapore&rsquo s three main banks opened at a three-month high on Thursday 04 June 2020, on the back of improved market sentiments driven by hopes of a global economic recovery.
DBS, OCBC and UOB shares up by 11% this weekDBS Group, the most lucrative company and money lender in Singapore by market capitalisation, saw its shares start the day at S$22.275 &ndash 2.3% higher than the previous day&rsquo s closing price.IG trading data showed that Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) &ndash the second and third placed largest financial institutions in the country, also marked up 2.2% and 1.7% at market open on Thursday. All three banks have seen their share prices increase by an average of 11% since the start of the trading week, as risk-on investment sentiments returned to equity markets once again, with governments easing their lockdowns and movement restrictions. US equity benchmarks S& P 500, Dow Jones Industrial Average and Nasdaq 30 &ndash which drive much of the global trading sentiment, including Singapore&rsquo s &ndash closed higher for the fourth consecutive day on Wednesday 03 June 2020. IG is a world-leading online trading and investments provider for thousands of financial markets. With CFDs (read about them here), you can buy long or sell short on DBS, OCBC and UOB depending on whether you think prices will rise or fall. Start today by opening a live or demo IG account. &lsquo Phase one&rsquo of Singapore&rsquo s lockdown easing underwayIn Singapore, the government has also moved into the so-called &lsquo phase one&rsquo of its lockdown easing on Tuesday 02 June, as the number of Covid-19 infections within the community continue to remain low.As part of this initial reopening phase, more schools, offices and businesses &ndash including those in the manufacturing sector, are allowed to reopen. If the community transmission rates stay low and stable over the subsequent few weeks, and the foreign worker infection rates &ndash where the bulk of cases have been reported &ndash are kept under control, the government will move into a &lsquo phase two&rsquo . &lsquo Risk-on mood&rsquo to continue in the near termThis can only bode well for the Singapore&rsquo s economic recovery, and domestic market sentiments.For now, IG Asia market strategist Pan Jingyi foresees that the current &lsquo risk-on mood&rsquo will continue in the near term across Asia markets, with the optimism also enabling Singapore&rsquo s blue-chip barometer Straits Times Index (STI Index) prices to hold its ground above the 50% Fibonacci retracement level of around 2709 on Thursday morning. DBS, OCBC and UOB closed Thursday&rsquo s session at S$21.90, S$9.29 and S$21.65 per share respectively. How to trade Singapore blue-chip stocks with IGAre you bullish or bearish on DBS, OCBC, UOB and other Straits Times Index (STI Index) stocks? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs in a few easy steps:
|
||
Useful To Me Not Useful To Me | |||
|
|||
chartistkao1
Supreme |
31-Aug-2021 16:19
|
||
x 0
x 0 Alert Admin |
i brought the banks share in march 202
Sell, sell, sell from opening bell' : Singapore share index sinks 7.4% in biggest one-day drop since 2008![]() A security guard donning a mask is seen in front of an electronic stock board showing the Straits Times Index at The SGX Centre on March 12, 2020.ST PHOTO: MARK CHEONG ![]() Senior Business Correspondent
SINGAPORE -It was sell, sell, sell from the opening bell on Monday (March 23), after the number of Covid-19 related deaths jumped over the weekend and a hoped-for $2 trillion US stimulus bill got blocked.
Fears that the coronavirus will damage the global economy significantly and for longer than expected saw the Singapore' s Straits Times Index (STI) close  down 177.26 points or  7.4  per cent to  2,233.48.  This was the biggest one-day drop in the STI since its all-time record 8.3 per cent plunge on Oct 24, 2008, in the midst of the global financial crisis. Within minutes of opening, the STI sank  7.9 per cent and then slid further, down 8.4 per cent, before paring losses.  
The market rout came as a  rising tide of national lockdowns threatens to overwhelm policymakers&rsquo frantic efforts to cushion what is likely to be a deep global recession. India stocks lost 13.4 per cent and Thailand plunged 10.1 per cent while Australia dropped 5.6  per cent. South Korea shed 5.3  per cent, Hong Kong 4.9 per cent and Shanghai 3.1 per cent. The only major Asian market that closed higher  was Japan, which rose 2  per cent, helped  by expectations of more aggressive asset buying by the Bank of Japan.  
 
Also fuelling the sell-off in  Asia was  the renewed plunge in oil prices, and a sharp drop in US stock futures outside trading hours on Sunday, pointing to another volatile week for Wall Street and markets globally." The market is in despair. Investors here have easily lost 30 per cent off their stock portfolios," Lim & Tan remisier Albert Tye said. " Everyone is feeling lousy seeing the casualties piling up. Even though China is recovering, there is still fear of imported cases when people start returning to work. " The global financial crisis was just a financial crisis, and China wasn' t affected. Now, it' s not only a global financial crisis, the real economy is also hit. People are not producing, spending. That' s a different thing. It' s real carnage, and how long it will last nobody knows," Mr Tye added.  
Tayrona Financial research director Liu Jinshu noted: " Based on technicals, some traders were optimistic last week that the STI had reached the bottom. But that' s off the table now, with no US stimulus bill yet, and New York and Washington state under lockdown, which will have an impact on US economic data going forward. All this means there may be no fast resolution." According to the latest forecast by IHS Markit, the US economy is expected to shrink by 13 per cent in the second quarter and contract by 1.7 per cent for 2020. This marks a drastic revision down from its previous forecast of a 5.4 per cent contraction in the second quarter. The rout has also slashed valuations of local stocks like Genting Singapore and many others to levels described as " too cheap to ignore" . Genting Singapore shares closed down 9.5  per cent or 5.5 cents to 52.5 cents. With the casino operator' s Japan integrated resorts project " now a remote scenario, and a recovery in earnings might be more drawn-out than expected, its valuation is simply too cheap to ignore," DBS equity research said. " Downside from here on should be limited, supported by Genting' s highly attractive 7.5-8 per cent dividend yield," it added. Related Story
What is herding?" We remain cautious on SIA and would watch out for signs of stabilisation, e.g declining trend of new Covid-19 cases before reviewing our rating," DBS Equity Research said. It downgraded SIA to Hold from Buy. SIA shares closed down 11  per cent or 66  cents to $5.36. |
||
Useful To Me Not Useful To Me | |||
chartistkao1
Supreme |
31-Aug-2021 15:44
|
||
x 0
x 0 Alert Admin |
https://www.dividends.sg/view/o39
 
https://links.sgx.com/1.0.0/corporate-announcements/FD5ZM7ZUNY8EM6KI/615e4192ffdb419b8b48603499521fce403912a787797926cdcf04b0a7b5e470
https://www.marketwatch.com/investing/stock/o39?countrycode=sg
 
|
||
Useful To Me Not Useful To Me | |||
chartistkao1
Supreme |
31-Aug-2021 15:39
|
||
x 0
x 0 Alert Admin |
when the angmos funds shorted the three bank stocks the local retail investors should buy and keep for 3.5% | ||
Useful To Me Not Useful To Me | |||
|
|||
chartistkao1
Supreme |
23-Aug-2021 16:10
|
||
x 0
x 0 Alert Admin |
Singapore stocks: Once bitten, twice shyWhy retail investors are shifting away from the local bourse, and how SGX plans to stay ahead
Fri, Aug 20, 2021 - 5:52 PM
UPDATED Sat, Aug 21, 2021 - 9:42 AM
AS a seasoned stock market investor since the 1990s, Ken is no stranger to market fluctuations and paper losses. As of today, the 56-year-old has lost some S$300,000 in the Singapore stock market, while his investments in the United States and Hong Kong have given him sizeable profits. " Retail investors don' t have much confidence here, they' re getting toasted," he tells The Business Times. " I' ve lost so much money that I' m scared."
While Singapore continues to be lauded as a financial hub, drawing big business and billions in foreign investment, the local stock market appears to have lost some of its appeal to retail, or non-professional, investors like Ken. Concerns like regulatory lapses and lack of liquidity, he says, have diminished confidence. " I would generally avoid the Singapore market unless there are sound stocks like the blue-chips," he says, " but I have allocated less for Singapore unless we see a marked improvement in the supervisory environment here" .  
Stay updated with
|
||
Useful To Me Not Useful To Me | |||
alexmay
Veteran |
05-Feb-2013 16:49
|
||
x 0
x 0 Alert Admin |
ocbc going to benefit from the bidding for wbl, i think both great eastern and ocbc have around 20% | ||
Useful To Me Not Useful To Me | |||
PrimusSam027
Member |
05-Feb-2013 14:28
|
||
x 0
x 0 Alert Admin |
JUST LOOK AT THE SINGAPORE BLUE CHIPS AS AN INDICATOR. IF BLUE CHIPS = VERY -VE , THEN BE CAUTIOUS IF BLUE CHIPS LIKE OCBC = STILL STRONG , THEN YOU KNOW IF IT IS STILL BULL RUN OR NOT  |
||
Useful To Me Not Useful To Me | |||
|
|||
PrimusSam027
Member |
05-Feb-2013 14:26
|
||
x 0
x 0 Alert Admin |
AND ASK YOURSELF THIS QUESTION:   AUSTRALIA DEPENDING ON ASIA MORE OR USA ? |
||
Useful To Me Not Useful To Me | |||
PrimusSam027
Member |
05-Feb-2013 14:20
|
||
x 0
x 0 Alert Admin |
EVEN PHILIPPINES IS DOING WELL. AND INDONESIA OF COURSE. MALAYSIA TOO. THEN YOU HAVE SOUTH KOREA AND JAPAN. THAILAND TOO. VIETNAM.  EVEN MYANMAR IS TRYING TO FOCUS ON $.   |
||
Useful To Me Not Useful To Me | |||
PrimusSam027
Member |
05-Feb-2013 14:16
|
||
x 0
x 0 Alert Admin |
I AM TALKING ABOUT MACRO. DECADES AGO, STI FOLLOWS WALL STREET.  YOU MEAN NOW WE STILL DO THAT ?  THIS IS A SUPER ASIAN CENTURY. TAKE A CLOSE LOOK AT CHINA MARKETS. MAYBE EVEN SUPER RMB. JUST A SIMPLE ANALOGY : SAMSUNG VS APPLE THINK ABOUT IT. |
||
Useful To Me Not Useful To Me | |||
Listing
Senior |
05-Feb-2013 13:34
|
||
x 0
x 0 Alert Admin |
I sold 1 lot at 9.93 bot at 9.67...
Still have 5 lots bot much lower Waiting for 9.45 to enter.. |
||
Useful To Me Not Useful To Me | |||
|
|||
PrimusSam027
Member |
05-Feb-2013 12:17
|
||
x 0
x 0 Alert Admin |
WHEN THERE IS A CORRECTION DURING BULL RUN = IS GOOD  (YOU NEED TO TAKE A REST EVEN DURING MARATHON OR MOUNTAIN CLIMBING) LOOK AT IT THIS WAY, YOU MEAN : THOSE SUPER SOVEREIGN FUNDS WHO BOUGHT ALL THE SINGAPORE BLUE CHIPS ARE NOW RUNNING ?? |
||
Useful To Me Not Useful To Me | |||
Hulumas
Supreme |
05-Feb-2013 12:16
![]() Yells: "INVEST but not TRADE please!" |
||
x 0
x 0 Alert Admin |
NEUTRAL!
|
||
Useful To Me Not Useful To Me | |||
PrimusSam027
Member |
05-Feb-2013 11:58
|
||
x 0
x 0 Alert Admin |
LOL  ANALYSIS FOR SINGAPORE BULL RUN = LET'S WAIT FOR BUDGET DAY |
||
Useful To Me Not Useful To Me |